SVR reversal causes outcry for Skipton Building Society customers
Brett Alegre-WoodChairman, YPC Group
Hey guys
The question on everyone's lips is: Should small prints be made bigger? Customers from Skipton Building Society are fuming after news broke that their SVR ceiling will be scrapped. The building society previously promised its borrowers that the SVR would never be more than 3% above the Bank of England base rate. But on this occasion, due to 'exceptional circumstances', they break their promise and refer their customers to the small prints.
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